06/06/1941

 UCCSN Board of Regents' Meeting Minutes

June 6-7, 1941 



06-06-1941
Volume 5 - Pages 322-324

                       REGENTS MEETING
                        June 6, 1941

Meeting called to order by Chairman Ross at 2:00 P.M. with the
following members and Mr. Gorman present:  Mr. Ross, Judge Brown,
Dr. Olmsted - Mrs. Wardin absent because of illness, Mr. Williams
received notification of meeting too late.  Mr. Macaulay of
Macaulay Iron Works was present for the opening of steel bids.

Dr. Ross moved that the minutes of the May 9, 1941 meeting be ap-
proved.

    Judge Brown          Aye
    Dr. Olmsted          Aye
    Mr. Ross             Aye

Mr. Gorman read a letter from L. D. Redfield in which he made the
following bids on the Mountain City Copper stock owned by the
University:

    $1.25 a share for 18,000 shares - bid expires at 6 P.M.,
          June 6

    $1.50 a share for 9,000 shares - remaining 9,000 at $1.50
          at any time within the remaining 60 days

This bid was not accepted.

The Bank of America offered $2.00 a share for the 18,000 shares
provided agreement was reached by 2:30 P.M., June 6.  This bid
was accepted (see below).

Mr. Gorman read the following resolution concerning the 2,000
shares sold at $2.50 per share.  Mr. Gorman reported that the
sale of these 2,000 shares at $2.50 per share broke the market
and that Mountain City Copper stock was listed at $2 1/8 per
share this morning.

                       RESOLUTION

    RESOLVED, that C. H. Gorman, the duly appointed, qualified
    and Acting Comptroller of the University of Nevada be, and
    he is hereby authorized and directed to sell Two Thousand
    (2000) shares of Mountain City Copper stock at Two and
    50/100 ($2.50) Dollars per share covered by Certificates
    S-0763 - 1000 shares and S-0764 - 1000 shares.

Judge Brown moved approval of this resolution.

    Judge Brown          Aye
    Dr. Olmsted          Aye
    Mr. Ross             Aye

At this time the following bids on structural steel for the new
Gymnasium were opened:

    Western Iron Works, S. F.   $191.00 per ton within 200 days
                                        after awarding of con-
                                        tract
    Bethlehem Steel Company     $187.50 per net ton - work to be
                                        completed 220 days from
                                        the date of contract
    Schrader Iron Works         $179.90 per ton - shipment within
                                        6 months of awarding of
                                        contract
                                  15.25 added per ton if rail
                                        must be used all the way

Mr. Gorman recommended that the bid of Schrader Iron Works on
the structural steel for the Gymnasium be accepted and steel
ordered at once.  Dr. Olmsted moved approval.

    Judge Brown          Aye
    Dr. Olmsted          Aye
    Mr. Ross             Aye

Mr. J. A. Carpenter, Director of the Mackay School of Mines,
reported on Mountain City Copper Company, and the bid of the
Bank of America on 18,000 shares at $2.00 per share was accepted.
The following resolution was introduced:

                       RESOLUTION

    RESOLVED, that C. H. Gorman, the duly appointed, qualified
    and Acting Controller of the University of Nevada be, and he
    is hereby authorized and directed to sell Eighteen Thousand
    (18,000) shares of Mountain City Copper stock at Two ($2.00)
    Dollars per share covered by Certificates S-0765 to S-0782
    inclusive.

Mr. Ross moved approval of this resolution.

    Judge Brown          Aye
    Dr. Olmsted          Aye
    Mr. Ross             Aye

Mr. De Longchamps presented the new plans for the Gymnasium,
complete except for checking, which will take a week.

Mr. Gorman recommended that two alternates be added to the list
of specifications for bids on the Gymnasium, viz:  (1)  Omission
of the brick veneer (2)  Unfinished basement.  Judge Brown moved
that these alternates be added to the specifications.

    Judge Brown          Aye
    Dr. Olmsted          Aye
    Mr. Ross             Aye

Mr. Gorman recommended that the President and the Comptroller be
authorized to advertise for bids on the Gymnasium beginning June
12, bids to be opened on July 19.  Dr. Olmsted moved approval
of this recommendation.

    Judge Brown          Aye
    Dr. Olmsted          Aye
    Mr. Ross             Aye

Mr. Ross read Dr. Frandsen's letter concerning Health Service
staff and addition to Hospital.  Mr. Gorman recommended that the
matter of staff be referred to Dr. Hartman on his return.  Mr.
Ross moved approval of recommendation.

    Judge Brown          Aye
    Dr. Olmsted          Aye
    Mr. Ross             Aye

Mr. Friedhoff presented a plan for addition to the Hospital
(rough draft) to contain isolation ward for contagious diseases
to be paid for from Health Service Funds accumulated for this
purpose.  Mr. Ross recommended that the President and Comptroller
be authorized to go ahead with plans for addition to Hospital.

    Judge Brown          Aye
    Dr. Olmsted          Aye
    Mr. Ross             Aye

Mr. Gorman read a letter from Dr. Frandsen requesting that he be
retired on January 1, 1942.  Letter referred to Dr. Hartman for
action upon his return.

Mr. Gorman recommended that plans for changes in the heating
plant be approved by the Executive Committee and the President
and Comptroller be authorized to advertise for bids.  Dr. Olmsted
moved approval of this recommendation.

    Judge Brown          Aye
    Dr. Olmsted          Aye
    Mr. Ross             Aye

Mr. Gorman asked approval of his application for a WPA project to
make an addition to the old Gymnasium for storage space.  This
project will involve no expense to the University except the
architect's fee for the plans amounting to approximately $350
(cost of the addition, $6,000).  The addition will be of concrete
as there are no bricklayers available.  Judge Brown moved that
the Comptroller be authorized to go ahead with this project.

    Judge Brown          Aye
    Dr. Olmsted          Aye
    Mr. Ross             Aye

Mr. Gorman requested formal acceptance of 6 $125 scholarships
from the Sears Roebuck Agricultural Foundation, Chicago, Illi-
nois.  These scholarships are to be known as Sears Roebuck
Agricultural Foundation Scholarships.  Mr. Ross moved acceptance
of these scholarships and recommended that the President be
authorized to sign the agreement with the Foundation.

    Judge Brown          Aye
    Dr. Olmsted          Aye
    Mr. Ross             Aye

Mr. Gorman read the letter from Lester D. Summerfield informing
Regents that Major Max C. Fleischmann desires to add to his
present scholarships by donating an additional 400 shares of
Standard Brands preferred stock to yield approximately $1800 a
year, bringing total of the Fleischmann scholarships up to ap-
proximately $5,000 a year.  Mr. Ross moved that this gift be
accepted and the President be authorized to write Mr. Fleischmann
expressing gratitude of Regents and University.

    Judge Brown          Aye
    Dr. Olmsted          Aye
    Mr. Ross             Aye

Mr. Gorman presented the following list, approved by Dr. Hartman,
which is to go on the placque donated by the contractor for the
new Engineering building:

                        ENGINEERING BUILDING
                       Dedicated May 10, 1941

                          BOARD OF REGENTS
            Silas E. Ross, Chairman   Frank Williams
            Dr. A. C. Olmsted         George S. Brown
                           Anna H. Wardin

                L. W. Hartman, President of University
                C. H. Gorman, Vice President and Comptroller
            Russell Mills, Architect  M. R. Peterson, Contractor

Dr. Olmsted moved that this list be approved and that Mr. Gorman
notify the contractor.

    Judge Brown          Aye
    Dr. Olmsted          Aye
    Mr. Ross             Aye

At this time bids were opened for painting roofs on University
buildings and painting of seats in the Mackay Stadium:

                                Seats              Roofs

    Joe Broderick              $275.00          $1,409.50
    J. W. Byassee               620.00           1,885.00

Dr. Olmsted moved that the Comptroller be authorized to go ahead
with the painting, entering into contract with Mr. Broderick as
low bidder.

    Judge Brown          Aye
    Dr. Olmsted          Aye
    Mr. Ross             Aye

Mr. Gorman recommended that the City of Reno or Washoe County be
given an easement for street purposes across the 70-foot strip of
land from Valley Road to Alameda Avenue through the Agricultural
Experiment Farm owned by the University on condition that the
City of Reno or Washoe County provide all grading, paving, curbs,
gutters, sidewalks, etc., together with maintenance of same and
fences along the north line of the Experiment Station Farm with-
out cost to the University or the State.  Dr. Olmsted moved ac-
ceptance of this recommendation.

    Judge Brown          Aye
    Dr. Olmsted          Aye
    Mr. Ross             Aye


Meeting adjourned at 4:10, next meeting to be held at 10 A.M. on
Saturday, July 19.